Private Limited Company Registration
Register your Private Limited Company with speed, ease and Value Savings
-We will draft and file your application to MCA
-You just need to fill a simple 10-minute Questionnaire
– Simplifying your business journey
What is a Private Limited Company?
A Private limited company is the most popular form of a “legal structure” in India. A Pvt. Ltd. is incorporated under the Companies Act 2013 and it is governed by the Ministry of Corporate Affairs (MCA). It is a separate legal entity from it’s owners.
It is largely favored since it provides multitudes of benefits to it’s directors, like limited liability, that is in case of any default, bank/creditors can only sell the company’s assets and not the personal assets of the directors.
This is an ideal option for startups who:
- Wants to incorporate a business that has limited liability and perpetual succession.
- Want to go for seed funding.
- Want to issue ESOP’s to their employees.
The registration of your Private Limited Company can be done using our services. We have served clients of major cities like Delhi, Mumbai, Bengaluru, Chennai and we provide this service “all over India”.
What Is Included In Our Private Limited Company Registration Package?
- DIN for 2 Directors
- DSC for 2 Directors
- Name search & approval
- MOA/AOA
- ROC Fees & Pan card
Private Limited Company Registration Process
Obtain DSC and DPIN from us
Detailed Procedure
Step 1: Obtaining Digital Signature (DSC) and DPIN
Since the whole process of registration is online, the directors are required to have a DSC (class II or III). This service is included in our package and you needn’t pay anything for it. In case the directors already have a valid digital signature, then they can skip this step.
Step 2: Application of DPIN
For a person to be a director of a company, you need to fill this form, if you haven’t done it already. One DIN form can be used to become a director, in any number of companies.
Step 3: Name approval
At this step, you are supposed to submit 3 different names for your company. From these 3, one will be selected. The names submitted should be unique and suggestive of the company’s business.
Step 4: Form SPICe
After this, you need to get it digitally attested from a Chartered Account/Company Secretary/Advocate in practice. And then, complete the application in INC-32.
Step 5: e-MoA (INC-33) and e-AoA (INC-34)
Before SPICe, these forms were filled physically but now you can fill these up online at the MCA portal along with SPICe (INC-32). You need to sign these forms digitally and fill all the details. If the documents submitted are approved, then the registrar of the company will issue a certificate of Incorporation and CIN (Corporate Identity Number).
Step 6: PAN and TAN application
After you receive the CIN, you can apply for TAN and PAN of the company, as these are required for opening a bank account. This step could be performed along with INC-32 at the time of incorporation.
Documents Required for a “Private Limited Company Registration”
Minimum Requirements of Company Registration
- Minimum 2 shareholders
- Minimum 2 directors
- Minimum 1 lakh capital
- DPIN for all the directors
- At least one Designated partner should be an Indian Resident
Comparison between different entities
| Type of business | Proprietorship | Partnership | LLP (Limited Liability Partnership) | Pvt Ltc. | OPC (One Person Company) |
|---|---|---|---|---|---|
| Members | Only 1 | 2-20 | 2- no limit | 2-200 | Only 1 |
| The legal status of the entity | Not considered a legal entity | Not considered a legal entity | Considered a legal entity | Considered a legal entity | Considered a legal entity |
| Members Liability | Unlimited liability | Unlimited liability | Limited liability of its members | Limited liability to the extent of its share capital | Limited liability to the extent of its share capital |
| Registration | Not mandatory | Optional registration under the Partnership Act 1932 | Registered under MCA | Registered under MCA | Registered under MCA and Companies Act 2013. |
| Transferability option | Not allowed | Not allowed | Transferable | Transferable | Allowed to only one person |
| Taxation | Calculated individually | 30% of the profit made | 30% of the profit made and CESS with surcharges applicable | 30% of the profit made and CESS with surcharges applicable | 30% of the profit made and CESS with surcharges applicable |
| Annual Filings | Filed with the registrar of companies | Filed with the registrar of companies | Filed with the registrar of the company | Filed with the registrar of the company | Filed with the registrar of the company |
Mandatory compliances of a Private Limited Company
The following list presents you with the mandatory compliances of a Private Limited Company every year:
- An auditor must be appointed by the company
- There should be at least one AGM (Annual General Meeting) and at least 4 board meetings (one in each quarter).
- The books of the company must be audited by an independent auditor
- In addition to this, the company shall file the form AOC-4 and MGT-7 as a part of annual compliance within a specified time frame.
- There should be annual filing of the ITR
- There should be annual filings to the registrar of the companies as well.